Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications

Detalhes bibliográficos
Autor(a) principal: Gil, Pedro Mazeda
Data de Publicação: 2019
Outros Autores: Afonso, Oscar, Brito, Paulo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/30385
Resumo: Europe’s “2020 Strategy” has the main goal of stimulating economic growth by increasing the weight of the high-tech sector and the share of high-skilled workers. However, cross-country European data suggests the relationship between economic growth and both the technology structure and the skill structure is statistically insignificant. We investigate an analytical mechanism that connects these facts by extending a directed-technical-change growth model and taking it to the data. Under high relative barriers to entry into the high-tech sector and scale effects we replicate the empirical relationships. We derive quantitative policy implications on the effects of a reduction of barriers to entry.
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spelling Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implicationsGrowthHigh SkilledHigh TechScale EffectsDirected Technical ChangeEurope’s “2020 Strategy” has the main goal of stimulating economic growth by increasing the weight of the high-tech sector and the share of high-skilled workers. However, cross-country European data suggests the relationship between economic growth and both the technology structure and the skill structure is statistically insignificant. We investigate an analytical mechanism that connects these facts by extending a directed-technical-change growth model and taking it to the data. Under high relative barriers to entry into the high-tech sector and scale effects we replicate the empirical relationships. We derive quantitative policy implications on the effects of a reduction of barriers to entry.ElsevierRepositório da Universidade de LisboaGil, Pedro MazedaAfonso, OscarBrito, Paulo2024-03-14T11:43:27Z20192019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/30385engGil, Pedro Mazeda, Oscar Afonso and Paulo Brito .(2019). “Economic growth, the high-tech sector, and the high skilled: Theory and quantitative implications”, Structural Change and Economic Dynamics, Volume 51: pp. 89-105. (Search PDF in 2024)0954-349Xdoi.org/10.1016/j.strueco.2019.07.003info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-17T01:34:52Zoai:www.repository.utl.pt:10400.5/30385Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T04:01:49.769722Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications
title Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications
spellingShingle Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications
Gil, Pedro Mazeda
Growth
High Skilled
High Tech
Scale Effects
Directed Technical Change
title_short Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications
title_full Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications
title_fullStr Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications
title_full_unstemmed Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications
title_sort Economic growth, the high-tech sector, and the high skilled : Theory and quantitative implications
author Gil, Pedro Mazeda
author_facet Gil, Pedro Mazeda
Afonso, Oscar
Brito, Paulo
author_role author
author2 Afonso, Oscar
Brito, Paulo
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Gil, Pedro Mazeda
Afonso, Oscar
Brito, Paulo
dc.subject.por.fl_str_mv Growth
High Skilled
High Tech
Scale Effects
Directed Technical Change
topic Growth
High Skilled
High Tech
Scale Effects
Directed Technical Change
description Europe’s “2020 Strategy” has the main goal of stimulating economic growth by increasing the weight of the high-tech sector and the share of high-skilled workers. However, cross-country European data suggests the relationship between economic growth and both the technology structure and the skill structure is statistically insignificant. We investigate an analytical mechanism that connects these facts by extending a directed-technical-change growth model and taking it to the data. Under high relative barriers to entry into the high-tech sector and scale effects we replicate the empirical relationships. We derive quantitative policy implications on the effects of a reduction of barriers to entry.
publishDate 2019
dc.date.none.fl_str_mv 2019
2019-01-01T00:00:00Z
2024-03-14T11:43:27Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/30385
url http://hdl.handle.net/10400.5/30385
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Gil, Pedro Mazeda, Oscar Afonso and Paulo Brito .(2019). “Economic growth, the high-tech sector, and the high skilled: Theory and quantitative implications”, Structural Change and Economic Dynamics, Volume 51: pp. 89-105. (Search PDF in 2024)
0954-349X
doi.org/10.1016/j.strueco.2019.07.003
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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